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>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if w went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending. melissa: absolutely but i'm not sure republicans are giving in as much as you think. ifou drill down on the details, as soon as i saw 800 billion in new x revenue, my immediate question did they give on the point of marginal rat d from the language it doesn't look like. more a tax code basically closes loopholes. they employ all the euphemisms to say you will get rid of deductions. sounds like that is where the 800 billion in new revenue isoming from. they didn't give on marginal rates at all. >> that is good news but only good news in the nse we're not traveling as fast in the wrong direction. you're tal
>> compared to what obama's talking about, the fiscal cliff might be better because obama not only wants soak the rich tax increases that would automatically happen, he then wants additional taxes on top of that would be very bad for american competitiveness. we don't want to send jobs to china and india but almost as if obama wants to do that. at least if w went over the cliff, we would get the sequester, which is the budget wonk term for automatic reductions in the growth of spending....
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in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "t
in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social...
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obama wouldn't sign a bill. >> they blast the house republican plan it's not likely that president obama will get to sign his own fiscal cliff plan since the republicans and democrats don't like it. the measure was defeated 99-nothing. west virginia senator says that both sides aren't going far enough when it comes to cuts. >> they are lower than what everyone says we need. all economists say we need minimum of $4 trillion or greater swing. >> i don't know how we got off-track of what we need to fix this. >> it will be tough for the 20 senate democrats facing re-election. such as begoch and maryland land and mark pryor from conservative states. the top republicans say the president's span not serious. >> comes out with a proposal to raise taxes by $1.6 trillion. has unlimited authority to borrow more money. >> chuck schumer says he prefers to set the bar at $1 million. they have smart cuts to ask the millionaires to pay their fair shares. $60% of americans want millionaires to pay more. >> democrats hope this addres addresses the estate tax. increase it from 35% to 40 packet and lower pr
obama wouldn't sign a bill. >> they blast the house republican plan it's not likely that president obama will get to sign his own fiscal cliff plan since the republicans and democrats don't like it. the measure was defeated 99-nothing. west virginia senator says that both sides aren't going far enough when it comes to cuts. >> they are lower than what everyone says we need. all economists say we need minimum of $4 trillion or greater swing. >> i don't know how we got off-track...
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lou: in a way, turning to fisca cliff, watching joh john boehned president obama, play out on a national stage, a game that i'm not sure that media gets or perhaps they. as astute as they are. this is risking everything for a lot of people. what do you make of it? and their attitudes, their demeanor? >> it sounds like everybody is trying to be right, that is interfering with negotiating that needs to happen for what is best for our country and the people who live a love this untry. >> in some ways almost a testosterone contest, you do sothing, i'm going to do something better, this is not about winning for the american people, it is about winning for the party, -- >> the mighty ego. >> i can do it betterhan you it has to be who wins and who loses. >>> it is unsettling for the american people, it interferes with the american people in terms of spending. >> except the american people have come to accept this, they are not that bothered of by it any more, they are used to the game of chicken. lou: but looking at projects, talking about 10 million people unemployed. and talking about another
lou: in a way, turning to fisca cliff, watching joh john boehned president obama, play out on a national stage, a game that i'm not sure that media gets or perhaps they. as astute as they are. this is risking everything for a lot of people. what do you make of it? and their attitudes, their demeanor? >> it sounds like everybody is trying to be right, that is interfering with negotiating that needs to happen for what is best for our country and the people who live a love this untry....
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tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a dr. strangelove. how many republicans will be willing to stand up to that threat? david corn is here to talk about it, the washington bureau chief for mother jones and the author of "47 percent." he's a member of the gridiron society. and john feehery is a republican strategist. grover -- you're playing defense here -- one man elected to nothing. the fact that saxby chambliss comes up, i don't have to live up to some pledge i made 20 years ago and calls up and has grover on the phone going through the transcript of what he said and he's apologizing for each segment of it. what's going on? a senator has to kiss butt to this guy? >> i have known grover for a long time, and i like him, and he's representing -- >> you're afraid of him, too. >> i'm not afraid of him. he represents a cause, and he's been amazingly successful because taxes have gone down for a long time because of grover. what do we know, because taxes are automatically going up. republicans understand if you have to cut a deal,
tea party two is going to dwarf tea party one if obama pushes us off the cliff. >> there's a dr. strangelove. how many republicans will be willing to stand up to that threat? david corn is here to talk about it, the washington bureau chief for mother jones and the author of "47 percent." he's a member of the gridiron society. and john feehery is a republican strategist. grover -- you're playing defense here -- one man elected to nothing. the fact that saxby chambliss comes up, i...
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the fiscal cliff. >> do the democrats secretly want to plunge over the fiscal cliff? we'll examine the growing evidence that indicates this may be obama's secret plan. we'll have much more. hannity starts right here, right now. >> welcome to hannity. there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house responded to this letter by saying that the president is, quote, willing to compromise but not on the subject of making job creators pay more in taxes. however, what our tax and spend commander-in-chief fails to understand is that putting money into the hands of you, the american people, is the single best wa
the fiscal cliff. >> do the democrats secretly want to plunge over the fiscal cliff? we'll examine the growing evidence that indicates this may be obama's secret plan. we'll have much more. hannity starts right here, right now. >> welcome to hannity. there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the...
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a better deal if we go over the cliff, which has been discussion from obama's point of view maybe its easier for them to do that, and make a few deals that looks like you're cutting taxes rather than supporting revenue hikes. >> eliot: we've all been watching the kabuki dance playing out here, and the politics of this that obviously john boehner needs to go to the map and say we will not let marginal rates increase. the president needs to take the opposite perspective but we know the deal is easier to construct as we get closer to december 31st, and they can make the tax changes effective january 31st. and when everything becomes a tax cut rather than maintaining some sort of increase. >> eliot: absolutely. but no one wants to be seen recklessly driving it over the cliff, especially if you see impacts in the economy which i think are less likely, but also if you see impacts in the markets. one of alan greenspan's innovations i would say is that he saw the stock market and the economy as one and the same. if you saw it going down, you had to fix it. what we've seen over the years when
a better deal if we go over the cliff, which has been discussion from obama's point of view maybe its easier for them to do that, and make a few deals that looks like you're cutting taxes rather than supporting revenue hikes. >> eliot: we've all been watching the kabuki dance playing out here, and the politics of this that obviously john boehner needs to go to the map and say we will not let marginal rates increase. the president needs to take the opposite perspective but we know the deal...
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obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller: so many things to talk about, but i wanted to talk about the extremism that i see in the republican party. for me i'm an infantry officer, a software engineer. i have gone from voting republican and i lose myself as moderate republican, and conservative democrat somewhere in that -- >> stephanie: in the nuggety center. >> caller: yeah. the way this election has gone it has turned me very much to the left. the way the republicans have acted, they are turned me off from their party all together. >> stephanie: we welcome you into the soft cocoon of socialism. [♪ mysterious music ♪] >> stephanie: go ahead. >> caller: but the democratic
obama and his allies are less willing to look at these benefits programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller:...
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today president obama again made clear there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> there you heard it again, top rates have to go up and rates. and some republicans are saying that the gop will ultimately say uncle. conservative columnist byron york, a very smart guy wrote, quote, republicans will cave on the question of raising the tax rate for the highest income americans. the only question is whether they do so before or after the government goes over the so-called fiscal cliff "new york times" column us david brooks describes it this way. republicans will be raising middle class tacks
today president obama again made clear there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have...
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what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker boehner. he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class
what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find...
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was going to take us over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >> caller: and i think the people that shout the loudest don't speak for even the majority of gun owners and i think there is this trained pavlovian dog whistle, and there's no room for discussion. >> stephanie: yeah, and he wasn't even talking about gun-control legislation. how can anybody say that is not true? i bet there would be a lot of domestic disputes that would not end this way if there were not a gun in the house. >> caller: i agree completely. he was quoting a writer from kansas city, who was closer to the situation. but the important part for my point is they attack nbc, and bob costas and they believe they sh
was going to take us over the fiscal cliff. >> stephanie: yes, and it is because of republicans. you know what the funny names for republicans, just leave that to us. [ bell chimes ] [ applause ] >> stephanie: david marshmallow. yeah. hi, bob. >> caller: good morning. i just wanted to call about the bob costas thing and just say i started shooting when i was ten year's old, and i still believe there is a place for regulation in gun control. >> stephanie: uh-huh. >>...
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to win public support for his tax and spend proposing, president obama answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the defense budget. defense contractors gathered in washington monday to discuss the consequences. david language staff is ceo of task a company that develops aviation systems and software for intelligence agencies. >> but i think it's very bad for national security because companies cannot plan. >> republicans sent the president a counterproposal monday afternoon. it includes more than $2 trillion in budget savings and extends tax cuts for all americans. >> us this far republicans have been adamant that rates shouldn't go up on the top 2% wealthiest americans. well, the american people overwhelmingly disagree. >> in addition to using social med
to win public support for his tax and spend proposing, president obama answered "fiscal cliff" questions on twitter monday. one twitter follower asked, why won't keeping tax rates low across the board encourage more hires and tax revenue? the president replied high-end tax cuts would cost almost $1 trillion while extending middle class cuts will produce growth. if there is no compromise all tax go up and spending will be slashed including cuts to the defense budget. defense...
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. >> president obama takes to 20th tore push the solution to the fiscal cliff. g.o.p. makes a counter offer and now guess what, steal mate. how the cliff hanger will affect the family finances. >> president obama says the world is watching. his warning world is watching. his warning tonight to well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv with a total home dvr included free for life. only $29 a month for six months. rethink possible. >> good evening once again. start this half hour in washington where less than a month to go now until u.s. could face massive spending cuts and tax increases known as the fiscal cliff. they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a
. >> president obama takes to 20th tore push the solution to the fiscal cliff. g.o.p. makes a counter offer and now guess what, steal mate. how the cliff hanger will affect the family finances. >> president obama says the world is watching. his warning world is watching. his warning tonight to well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb...
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because it turns out president obama is more progressive! and a little tougher negotiator--so far. now apparently i'm not the only one surprised. when he gave his new storms on the fiscal cliff negotiations, well apparently john boehner was a little bit surprised. >> tim geithner sit there like we are here and presented this to you. what did you say? >> flabbergasted. >> cenk: flabbergasted. well, what went wrong? where do you think we are today. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to get this question resolved. but the white house has responded with virtually nothing. they've asked for more revenue than asking for the whole entire time. >> cenk: that's just not true at all. he says we did this serious offer. here is the offer that john boehner put forward--butkis. nothing. he said, i'm interested in raising revenue or we're willing to do that. so how much, you want to cut medicare? you want to cut social security? john, admit it, you want to cut social security. no, no i want the president to say
because it turns out president obama is more progressive! and a little tougher negotiator--so far. now apparently i'm not the only one surprised. when he gave his new storms on the fiscal cliff negotiations, well apparently john boehner was a little bit surprised. >> tim geithner sit there like we are here and presented this to you. what did you say? >> flabbergasted. >> cenk: flabbergasted. well, what went wrong? where do you think we are today. >> i would say we're...
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to avoid that fiscal cliff. republicans and democrats in congress appeared no closer to a compromise. here's abc's tahman bradley. >> reporter: congressional republicans' counterproposal was dead on arrival. the white house quickly rejected the $2.2 trillion deficit reduction plan, that would raise $800 billion in tax revenue over the next decade. but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leavin
to avoid that fiscal cliff. republicans and democrats in congress appeared no closer to a compromise. here's abc's tahman bradley. >> reporter: congressional republicans' counterproposal was dead on arrival. the white house quickly rejected the $2.2 trillion deficit reduction plan, that would raise $800 billion in tax revenue over the next decade. but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable....
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. >>> the ball is back in president obama keerts. house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the a
. >>> the ball is back in president obama keerts. house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter...
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affect state budgets many governors are also tackling the implementation of obama care. starting in 2014 medicaid will be expanded to all americans within 138% of the poverty line, which is individuals making $15,000 a year or less, give health care to as many as 21 million additional americans. eight governors including one of those at the white house today, oklahoma republican governor mary fallin are rejecting the offer, concerned their states may have to foot the bill down the road. the president was sure to have some thoughts following their pow wow at the white house. the six governors are on to meet with house speaker john boehner and senate majority leader harry reid this afternoon, also sure to have some thoughts. joy, the medicare question is really interesting in terms of how the governors play this one. in so far as, if you're a republican governor and offered the federal -- the federal government says it's going to cover i believe 100% of the cost of expanding the rolls from 2014 to 2016 and basically between 95% and 90% thereafter, to say no at this point w
affect state budgets many governors are also tackling the implementation of obama care. starting in 2014 medicaid will be expanded to all americans within 138% of the poverty line, which is individuals making $15,000 a year or less, give health care to as many as 21 million additional americans. eight governors including one of those at the white house today, oklahoma republican governor mary fallin are rejecting the offer, concerned their states may have to foot the bill down the road. the...
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[laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. plus, about a trillion dollars in spending cuts. speaker john boehner said the president's plan just wouldn't pass. unfortunately, the white house responded with their la-la land offer that couldn't pass the house. so basically they are at odds. david, here's what i've got, here's my calculation, rough back of the envelope, okay? when i can find the envelope. okay? it is president obama wants 800 billion dollars more in tax revenue from the rich in the form of higher tax rates. the republicans want about a trillion dollars more in spending cuts. david: uh-huh. stuart: the two sides are those dollar numbers apart. and you say what? david: i say i don't think the president cares if it passes the house. because if it passes, he gets everything he wants. he doubled the amount of tax income he wanted from the private sector because he wants many r in his proposal. -- he wants more
[laughter] stuart: moving along, republicans counteroffer to president obama's solution to the fiscal cliff yesterday with a plan of 800 billion dollars in new revenue from tax reform, not from higher tax rates. plus, about a trillion dollars in spending cuts. speaker john boehner said the president's plan just wouldn't pass. unfortunately, the white house responded with their la-la land offer that couldn't pass the house. so basically they are at odds. david, here's what i've got, here's my...
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just hours ago, house republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone ri
just hours ago, house republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts,...
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their version of fixing the fiscal cliff is that acceptable shared version. >> reed wilson, thank you for being with me. i appreciate it. we're going to be right back on msnbc right after this. [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. wooohooo....hahaahahaha! oh...there you go. woooho
their version of fixing the fiscal cliff is that acceptable shared version. >> reed wilson, thank you for being with me. i appreciate it. we're going to be right back on msnbc right after this. [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's...
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if they are not allowed to define the issue then just let barack obama try this over the cliff. barack obama, as originally the grand bargain one and 0 billion in tax cuts. then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge bush lost an ection in '92. he raised taxes on the democrats promised him $2 in spending cuts for every dollar in new taxes. george bush is still waitin for those $2 in spending cuts. now the present is saying to live in give you two and a half to one. it's time the democrats and the president stepped up and cut spding. gerri: to that point. want you to respond to what the white house had to say in response to the republicans offer and then go to michael's point about what you will actually get latr. here is what dan pfeiffer said. it promises to lower rates for the wealthy and stickhe mid
if they are not allowed to define the issue then just let barack obama try this over the cliff. barack obama, as originally the grand bargain one and 0 billion in tax cuts. then he won the election. now he wants to increase it to over one half trillion. he has double down on all of these things. if you go back historically in this whole program, you might remember roy reagan, $3 in spending cuts for every dollar in new taxes. we get the taxes but ronald reagan never get the spending cuts. orge...
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to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for the economy. >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left an
to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for the economy. >> kimberly: call his bluff. be strong at the negotiating table...
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six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for million
six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy....
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the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more... [ male announcer ] at humana, we understand the value of
the election and since the fiscal cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip...
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obama wallets and, you know, forget about the fiscal cliff, what his mandate is, essentially, forces a lot of taxes, including income tax increases. if you look at obamacare, there's a surcharge on income. and, you know, it's pretty scary between that and the capital gains, we're talking about, you know, we're talking about hitting people with a huge tax bill. and we should point out that this is the alleged rich, the millionaires and billionaires who make $200,000 a year. martha: right, exactly. exactly right. [laughter] you know, if you live in a metropolitan area really anywhere across the country and you make $200,000 if you're an individual, $250,000 together if you're a couple and you have any investments, right? >> any investments, but also even if you don't have investments, i think there's a surcharge on income here, which, you know, aside from that. and i'll tell you, this is the real sort offedty of -- oddity of obama taxes and the sort of silence of new york politicians. kirsten gillibrand, i guess our junior senator from new york, and chuck schumer, our senior senator fr
obama wallets and, you know, forget about the fiscal cliff, what his mandate is, essentially, forces a lot of taxes, including income tax increases. if you look at obamacare, there's a surcharge on income. and, you know, it's pretty scary between that and the capital gains, we're talking about, you know, we're talking about hitting people with a huge tax bill. and we should point out that this is the alleged rich, the millionaires and billionaires who make $200,000 a year. martha: right,...
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clarence, one thing this makes plain is democrats are feeling confident in a fiscal cliff win. why not ask for more? >> well, they're certainly asking for more than president obama is asking, and that is the point here. they feel that the policies of the clinton era that gave us the prosperity that we saw back then would be good to impose now. they are really calling for a different kind of arrangement pushing for a simplification of the tax code that would include taxes on cigarettes and alcoholic beverages which would cross income lines, those kind of consumer taxes hit lower income tax people -- taxpayers as well as upper, and they want to get rid of the amt, that automatic tax that's designed to make sure that older -- rather, the higher income earners will pay some minimum tax, automatically a minute tax. they have some additional taxes. they want to get rid of capital gains tax that benefitted mitt romney. it's a different arrangement but a more progressive tax. >> bill, interestingly their plan suggests that tax increases should start at $422,000 instead of $250,000 that
clarence, one thing this makes plain is democrats are feeling confident in a fiscal cliff win. why not ask for more? >> well, they're certainly asking for more than president obama is asking, and that is the point here. they feel that the policies of the clinton era that gave us the prosperity that we saw back then would be good to impose now. they are really calling for a different kind of arrangement pushing for a simplification of the tax code that would include taxes on cigarettes and...
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. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> but continuing to insist that the president does have the better argument. >> at the end of the day, president obama is selling a very simple message. i want to keep taxes low for middle class americans and i'm worry are in the position of looking as if they don't care about the middle class and just want to keep tax rates low for wealthy americans. >> krystal, it's grover norquist versus the polls, actually, the polls actually tell us -- a new cnn poll shows that 45% of americans would blame congressional republicans if no deal is reached and 34% would blame president obama. i don't think grover is going to turn that around. >> no, i don't think grover is going to turn that around and i don't think that he's right that tea party 2 will dwarf tea party 1. >> he is so wrong. >> but i do think that there is true to the fact that there is already a backlash from the ultra right, grassroot tea partyiers that are still out there upset
. >> tea party 2 is going to dwarf tea party one if obama pushes us off the cliff. let's not pretend who's pushing us offer the cliff. >> but continuing to insist that the president does have the better argument. >> at the end of the day, president obama is selling a very simple message. i want to keep taxes low for middle class americans and i'm worry are in the position of looking as if they don't care about the middle class and just want to keep tax rates low for wealthy...
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just hours ago house republicans sent president obama a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000
just hours ago house republicans sent president obama a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening....
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talked about the fiscal cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are we on the verge of something big, something that could really change our politics? joining me now, senator barbara boxer, democrat from california and whip of the senate. thank you for being on the show. >> i love being on your show. thank you. >> if the gop agrees to tax increases, how important might that be in terms of showing they actually are capable of working with the president? >> you know, the way they raised the question, if they agree to tax increases, they claim they're willing to do these loop-hole closers but the difference here is
talked about the fiscal cliff standoff. he put his foot down on what is negotiable and what is not. >> we have to say the rates on the top 2% go up. and we're not going to get a deal without it. understand the reason for that. it's not me being stubborn. it's not me being partisan. it's just a matter of math. i'm happy to entertain other ideas the republicans may present, but we are not going to cut our way to prosperity or cut our way out of the deficit problem we have. >> so, are...
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and tomorrow night nancy pelosi will join me to talk about the fiscal cliff. "the rachel maddow show" starts right now. >> good evening, ed. thank you. thanks to you at home for staying with us. if you get a tweet from president obama, you will know it by his signature. the president has an official twitter account from which all sorts of on message things get tweeted. but the white house says you know when a tweet has been written by the president himself because in that case the tweet gets a little initial signature. a "bo" in lower case. barack obama, as in i the president wrote this tweet. if it was a dog, it would be the paw print. the president was writing his own tweet this is afternoon. the string of twitter messages about the budget negotiations in washington. the white house announcing in advance today that the president himself would be answering people's questions about the negotiations in washington. he would be answering them directly on twitter starting at 2:00 p.m. eastern. it is kind of awesome that regular people can ask direct questions from
and tomorrow night nancy pelosi will join me to talk about the fiscal cliff. "the rachel maddow show" starts right now. >> good evening, ed. thank you. thanks to you at home for staying with us. if you get a tweet from president obama, you will know it by his signature. the president has an official twitter account from which all sorts of on message things get tweeted. but the white house says you know when a tweet has been written by the president himself because in that case...
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republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not repr
republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion...
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to work again to rally them as we near the fiscal cliff. twitter blogs, e-mail blasts, just yesterday the president invited his backer to a twitter town hall and now he's urging them to post their stories as well as their demands to congress on social media. let's bring in eric, associate publisher of social media magazine. >> it's good to be here. thank you for having me. >> the white house has said they've already gotten 200,000 responses to my2k and the reason they say that if the tax cuts expire. if you search the feed, did you find as almost as many counter comments as supportive comments. so it begs the question, is twitter a way to kind of unite an army of supporters? >> absolutely. technology is changing the art of persuasion. what everybody -- look at history. look at history just a few weeks ago. this guy won the white house with technology. we talked about it here before. he used technology to get re-elected. he used it to get in the first time. the only difference that he's doing this time that he didn't do the first time is he
to work again to rally them as we near the fiscal cliff. twitter blogs, e-mail blasts, just yesterday the president invited his backer to a twitter town hall and now he's urging them to post their stories as well as their demands to congress on social media. let's bring in eric, associate publisher of social media magazine. >> it's good to be here. thank you for having me. >> the white house has said they've already gotten 200,000 responses to my2k and the reason they say that if...
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president obama meanwhile will meet with some of the nation's governors to talk about the cliff, growth and deficit reduction. and oracle puts the pedal to the metal, the company accelerates difference denied payments and larry ellison is the big winner. it's tuesday, december 4th, 2012, "squawk box" begins right now.
president obama meanwhile will meet with some of the nation's governors to talk about the cliff, growth and deficit reduction. and oracle puts the pedal to the metal, the company accelerates difference denied payments and larry ellison is the big winner. it's tuesday, december 4th, 2012, "squawk box" begins right now.
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cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "t
cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the...
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on the fiscal cliff going to hurt your 401(k)? and is the government putting your car at risk? aaa and my next guest says, yes, they are. we'll tell you how after the breaa [ abdul-rash ] i've been working sinci s about 16. you know, onjob or the other. the moment i couldess the retirement plan, you know, it's like it just hits you fast. you know, you start thinking out what's really important here. ♪ ♪ [ male nouncer ] they are a glowing example of what it means toe the best. and at this specialime of year, they shine even brighter come to t winter event and get the merces-benz you've always wished for now for an exceional price. [ santa ] ho, ho, , ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local rs-benz dealer. why let erectile dysfunction getn your way? talk to your doctor about viagra. ask your heart is healthy enough for sex. do not take viagra if you ke nitrates for chest pain; it may cause an unsafe drop in blood pressure. side fects include headache, flushing, upsettomach, and abnormal vision.
on the fiscal cliff going to hurt your 401(k)? and is the government putting your car at risk? aaa and my next guest says, yes, they are. we'll tell you how after the breaa [ abdul-rash ] i've been working sinci s about 16. you know, onjob or the other. the moment i couldess the retirement plan, you know, it's like it just hits you fast. you know, you start thinking out what's really important here. ♪ ♪ [ male nouncer ] they are a glowing example of what it means toe the best. and at this...
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president obama met with governors to talk about the fiscal cliff's impact on therapy states earlier today. republican governor gary herbert of utah was in that meeting and he joins us now. governor, thank you so much for joining us. of course i want to know immediately, what was the president's message to you, the governors? >> well he said he wanted to work with us as states. again we appreciate the fact that we were invited. states and governors have been kind of ignored in the past. in fact states have been kind of an afterthought in many policy discussions here in washington. we have something to say. we can help them make better policy. he invited that dialogue and that discussion and promised we would have further opportunity to meet with him. >> i saw the statement. the states say they are willing to help. what exactly can you do for this process to get it moving along? >> one of the things we understand that the federal government is spending too much money. they're borrowing 40 cents of every dollar they have spent. we can help by taking less as states. we'll take less but
president obama met with governors to talk about the fiscal cliff's impact on therapy states earlier today. republican governor gary herbert of utah was in that meeting and he joins us now. governor, thank you so much for joining us. of course i want to know immediately, what was the president's message to you, the governors? >> well he said he wanted to work with us as states. again we appreciate the fact that we were invited. states and governors have been kind of ignored in the past....
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they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired.
they delivered a counter proposal to president obama's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to...
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they want to urge president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is consid
they want to urge president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want...
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with the message to fix the fiscal cliff. the democrats and republicans refuse to either endorse or dismiss either of the plans out there. the one floated by the white house and the one that house republicans floated yesterday. that, of course, the latest plan in washington, $800 billion in tax revenue increases, a trillion cuts in spending, including entitlements. it's a plan that was partially taken from the former chief of staff for president bill clinton, one that the republicans put out yesterday, and it's one that democrats roundly rejected. >> republicans' plan, on the other hand, is more of the same. not only does it balance the budget on the backs of the middle class, but voids the promise to seniors with cuts to social security and medicare all to pay for handouts to the rich. at least we know where they stand. >> republicans are willing to make sure we don't go over the cliff, but, at the same time, don't harm the economy. what has to happen, the president needs to show leadership, sit in the room, stay here, get i
with the message to fix the fiscal cliff. the democrats and republicans refuse to either endorse or dismiss either of the plans out there. the one floated by the white house and the one that house republicans floated yesterday. that, of course, the latest plan in washington, $800 billion in tax revenue increases, a trillion cuts in spending, including entitlements. it's a plan that was partially taken from the former chief of staff for president bill clinton, one that the republicans put out...
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. >>> up next, cliff counting. where is the middle ground you? johnny isaacson will be joining me next. plus, 28 days later, there are still votes being tallied from the presidential election. the very latest on president obama's growing margin of victory and the single best bellwether county in the country. i'll be telling you where that is. see, it's not even today's trivia question. but first, a look ahead at the president's schedule. an interview today, television interview. bloomberg. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? [ male announcer ] it's that time of year again. medicare open enrollment. time to
. >>> up next, cliff counting. where is the middle ground you? johnny isaacson will be joining me next. plus, 28 days later, there are still votes being tallied from the presidential election. the very latest on president obama's growing margin of victory and the single best bellwether county in the country. i'll be telling you where that is. see, it's not even today's trivia question. but first, a look ahead at the president's schedule. an interview today, television interview....
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here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an attack. it happened at the college
here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are...
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republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball, political reporter for "the atlantic." the republican proposal includes ryan's voucher program for medicare. we're not even a month away from the election and they are throwing up on the wall everything that was rejected. why are they doing this? >> well, i can tell you why they think they have a mandate. they are throwing insults at each other and that means they are engaging. they may be way apart in terms of the lessons learned. but house republicans have put in their initial offer here. and you know, the problem for house republicans is not only have they n
republicans are doing a lot of maneuvering on the fiscal cliff. president obama and the democrats have put forward a plan relying mostly on raising more revenue from the wealthiest 2% of the country. republicans rely mostly on cuts affecting the middle class and the poor and republicans aren't specific about how they get $800 billion in revenue. for the conversation, let's turn to richard wolffe, msnbc political analyst and vice president and executive director of msnbc.com. and molly ball,...
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Dec 4, 2012
12/12
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CSPAN
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we will take your questions and comments as we focus on the fiscal cliff. the house of representatives is back in session at 10:00 eastern for general speeches. legislative business begins at noon. several live events to tell you about today on our companion network c-span 3. craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen will testify along with others. later, the center for strategic international studies host a forum on u.s. relations with china in light of china's leadership transition. that is at 5:30 eastern p.m.. ♪ >> this weekend on c-span 3, follow harry truman's grandson to hiroshima as the city celebrates -- remembers the dropping of the bomb. >> everybody has their own view. i do not want to argue about the history. i think we are past that. my goal and purpose for being here is to honor the dead and listen to the living. i want to do what i can add to make sure this does no
we will take your questions and comments as we focus on the fiscal cliff. the house of representatives is back in session at 10:00 eastern for general speeches. legislative business begins at noon. several live events to tell you about today on our companion network c-span 3. craig fugate will testify about the response to hurricane sandy. that is at 10:00 a.m. eastern. the coalition for pasqual national security will focus on how the national security is impacted by the deficit. mike mullen...
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Dec 4, 2012
12/12
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KPIX
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. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >> the white house says the plans fails the balance test. tax hikes and spending cuts will automatically kick in on 1/1. >>> in your world, fighting has escalated in damascus. this comes after president obama issued a warning to president assad and his government not to use any chemical weapons. secretary of state hillary clinton says if assad goes down that road, there will be consequences. >> suffice to say we are certainly planning to take action if that eventuality were to occur. >> this
. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the...
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Dec 4, 2012
12/12
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CNBC
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state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president j
state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy,...